School of Mechanical‚ Materials and Manufacturing Engineering MM2MN1 – Management Studies “1” Balancing the Books Objectives and Learning Outcomes • • • • • • • Double entry accounting The balance sheet The balance sheet equation The trial balance The trading‚ profit and loss account Opening and closing stock The ledger Prof John Dominy February 2013 MANAGEMENT STUDIES “1” BALANCING THE BOOKS Introduction Now that we have planned our business and established that it is viable
Premium Balance sheet Generally Accepted Accounting Principles Double-entry bookkeeping system
Planning is a formal expression of managerial intent. It describes what managers decide to do and how they will do it. It provides the framework‚ focus‚ and direction required for a meaningful effort. Without planning‚ any improvements in an organization’s innovation‚ speed‚ quality‚ and cost will be accidental‚ if they occur at all. Planning-the conscious‚ systematic process of making decisions about goals and activities that an individual‚ group‚ work unit‚ or organization will pursue in the
Premium Strategic management
Who am I? I am a mathematician so therefore my expertise is in algebra‚ calculus‚ geometry and trigonometry. I am not versed in economics‚ politics and astronomy therefore my opinions of these are foolish. And I quote now each man judges well the things he knows and of these he is a good judge. And so the man who has been educated in a subject is a good judge of that subject‚ and a man that has received an all-round education is a good judge in general. It is the mark of an educated man to look
Free Psychology Education Higher education
People have defined happiness as some kind of good of a human being. In Nicomachean Ethics: Book I‚ Aristotle defines happiness as the activity of living well‚ which in the Greek word is called eudaimonia. He tends to think that happiness is how we balance and moderate our lives to seek the highest pleasures‚ which he calls maintaining the mean. In the following excerpt from Book I‚ Aristotle talks about how happiness presumably consists in attaining some good or set of goods. “Now goods have
Premium Nicomachean Ethics Virtue Human
Michael Jones Political Science 4341 Education In her article “From the Moon to the Earth‚” Yulia Latynina discusses several pressing issues facing Russia and citizens on a daily basis that have gone largely ignored by the Russian government in favor of lavish‚ ultimately meaningless projects that do little to help the people of the nation. Latynina draws a stark comparison between extravagant projects such as the 2018 Sochi Winter Olympics‚ which will cost her country an estimated
Premium Education 2014 Winter Olympics Russia
As I read Deaf Again by Mark Drolsbaugh I can relate to Mark because I’m taking American Sign Language. Mark was born into deaf culture because both of his parents are deaf‚ however he was associated him self around hearing people. He conformed to the hearing world. I find that very hard to especially having deaf parents. I found interesting that he wasn’t deaf his whole life up in till the first grade he found something to be out of place. When I first took this class I didn’t know what I was
Premium Deaf culture Sign language Audiogram
“The Image of God‚” is a phrase used to refer to the unique status in the created order of mankind due to the creator God‚ (Boyd Luther). Scripture never says what is meant by the term “the image of God’. Some theologians believe it is the whole person of man‚ both material and immaterial that is made in Gods own likeness. Others believe the image refers to the elements of the human’s personality (mind‚ emotions‚ and will) of man. Others opted for the human spirit the soul of man. Genesis
Premium Jesus Christianity New Testament
Socrates’ charge against democracy was based on his fundamental belief that people are not equal. His idea of the perfect city is described as a three tiered system of rulers‚ guardians‚ and artisans; all whom know their place inside and outside of politics. The rulers create the constitution‚ and everyone else is expected to live by it. Discordantly‚ democracy is based on the ideas of equality‚ individuality‚ tolerance‚ and freedom. In the democratic city anyone can participate in the government
Premium Working class Democracy Social class
Next‚ McMinn (2007) acknowledges the Christian Theology perspective on redemption. The author (2007) explains that in Scripture describes a redemptive funnel‚ that depicts redemption. According to McMinn (2007)‚ near the beginning of the Old Testament‚ it defines redemption as an all-purpose concept‚ but by the end of the New Testament‚ it has turn out to be rather specific and focused (p 296). McMinn (2007) explains the redemptive funnel concept. The redemptive funnel contains two type of act of
Premium New Testament Christianity Jesus
Aristotle states that if all of our actions were a means to something else‚ then there would be nothing we would try to ultimately achieve‚ and life would be pointless. A highest good would solve this‚ but it must be a means to itself‚ self-sufficient and within reach. "Happiness‚ then‚ is apparently something complete and self-sufficient‚ since it is the end of things achievable in action." Happiness alone satisfies these‚ and thus is our highest good. Aristotle describes all beings as having
Premium Nicomachean Ethics Ethics Eudaimonia